(a) Applications to the corporation for a grant under section 32-267 shall:
(1) Describe the applicant corporation, including its organization, membership, loan committee, staff and sources of other funds, if any;
(2) Identify the geographic region to be served;
(3) Explain the methods and criteria to be used in determining firms eligible for financial assistance from the regional revolving loan fund;
(4) Describe the means for coordinating financial assistance available from the regional revolving loan fund with financial assistance available from other public funding sources within the region and how financial assistance from such fund will be used to leverage private financing for projects;
(5) Contain such other information as the corporation deems appropriate.
(b) The corporation shall provide written notice for the acceptance or rejection of an application within thirty working days of receipt of the application.
(P.A. 92-236, S. 10, 48; June 12 Sp. Sess. P.A. 12-1, S. 152.)
History: Pursuant to June 12 Sp. Sess. P.A. 12-1, “authority” was changed editorially by the Revisors to “corporation”, effective July 1, 2012.